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Octave Terrace, Queen Street, Gillingham - Image 1
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Octave Terrace, Queen Street, Gillingham

South West

£150,000
Listed on 02/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1002 sqft

Description

This two-bedroom mid-terraced Victorian house presents a promising opportunity for renovation, ideally situated within walking distance of local shops, amenities, and a mainline train station linking to Exeter and London Waterloo. The property requires modernisation and offers a blank canvas for those looking to imprint their personal design aesthetic. It features an entrance hall leading to a living room with a classic cast iron fireplace and a dining room that boasts an additional stone fireplace and storage space. The kitchen, equipped with basic fittings, opens out to the garden area. On the first floor, you'll find two bedrooms—each with charm, including one with a boarded-up cast iron fireplace—and a family bathroom that is functional yet in need of updating. With gas central heating and double-glazing already in place, this residence provides essential comforts while allowing for creative renovations. Outside, both front and rear gardens offer potential for landscaping or outdoor entertaining. This property is particularly well-suited for first-time buyers or investors eager to craft a distinctive home in a desirable location.

Investment Analysis

(SP8 area)

Below Market Value

This property is priced -50.7% below area average per sq ft

-50.7%
Potential saving
This Property
£150/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£262
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£334,463
10% above area average per sq ft
Potential ROI
+80.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SP8)

Area prices are rising by +10.2% over the last 12 months
3 year growth: 2.6%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on SP8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Octave Terrace, Queen Street, Gillingham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE